 Ferdinand was sentenced to a year in jail.A notice was published in November, 1889 that all stock of musical instruments, merchandise as well as office and store furniture of Lindeman Brothers, then at 181 West Fourth street, Cincinnati, would be auctioned, benefits of the sale to go to their creditors, but in 1890 Lindeman Brothers is listed at 157 West Fifth street

Lindeman & Sons' New York warerooms removed to 146 Fifth Avenue, and 409 Eighth street, but the firm encountered financial difficulties and lost their Bradstreet rating in 1888.They attempted to raise cash by incorporating and issuing $150,000 public stock but by early 1890 their assets were as low as $15,000 with approximately $100,000 in liabilities.